Weekly Buzz: Housing starts and Vancouver affordability

November 15, 2017 8:24 am

B.C. is considered one of the most prosperous province in the nation. Certainly, with investment potential in cities like Surrey and Abbotsford through the roof and a plethora of available jobs, the Lower Mainland is an attractive destination for local millennial and migrants alike. But the region is not without its challenges. In fact, political intervention may be affecting the development of new, affordable housing, even though multi-family completions are expected to surge past the average. So what happens when people can’t afford to live in Vancouver, even if the best employment options are here?

We look at these issues and more in Western Investor’s pick of the top commercial real estate stories published this week.